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Time Extension For Itr Filing In Franklin
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State:
Multi-State
County:
Franklin
Control #:
US-0018LTR
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Word;
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FAQ
The Central Board of Direct Taxes (CBDT) has extended the deadline for resident individuals to file their belated or revised Income Tax Returns (ITR) for the Assessment Year (AY) 2024-25. The original deadline of December 31, 2024, has now been pushed to January 15, 2025.
What you need to know. The due date for New York State personal income tax returns for the 2021 tax year is April 18, 2022. But did you know you can request an automatic six-month filing extension if you can't file your return by the due date? With an extension, your return is due October 17, 2022.
Deadline to file your extended 2024 tax return. If you chose to file an extension request on your tax return, this is the due date for filing your tax return. December 31, 2025 Required minimum distributions have to be taken for individuals age 73 or older by the end of 2025.
Penalties for filing late can mount up at a rate of 5% of the amount of tax due for each month (or portion thereof) that you're late. If you're more than 60 days late, the minimum penalty is $100 or 100% of the tax due with the return, whichever is less.
Can I get more time after the October deadline? Unfortunately, the tax filing extension deadline can't be extended beyond the October 15, 2025 deadline. That means if you still need to file for the 2024 tax year, this is your last chance to complete a tax return without failure to file interest and penalties.
If you miss filing your ITR within the original deadline, then you can file a late return, known as Belated Return. Typically, the due date for filing a belated return is 31st December of the assessment year; however, for AY 2024-25, the CBDT has extended the deadline for resident individuals to 15th January 2025.
Request an extension by mail File Form 4868, Application for Automatic Extension of Time To File U.S. Individual Income Tax Return. You can file by mail, online with an IRS e-filing partner or through a tax professional.
The filing of this application on or before the due date automatically provides an extension of six months after such due date for the filing of your completed tax return, provided the tax is properly estimated and the application is accompanied by a remittance for the amount shown on line 6.
If you are residing or traveling abroad on April 15, California law allows you an additional two months to file your return. This extension, when combined with the automatic six-month paperless extension, extends the due date to December 15.
More info
This gives you until October 15 to file without penalties. Application for Automatic Six-Month Extension of Time to File for Individuals IT-370.Your full Social Security number (SSN). Business extensions are until the 15th day of the eleventh month following the calendar or fiscal year end. â–«. The extended due date of the City return is the fifteenth day of the tenth month after the year end. EXTENSION: Any taxpayer that has requested a six month Federal Extension will also receive an extension for the filing of a City income tax return. To qualify, you must have an address of record located in the disaster area. Calendaryear corporations whose 2023 extensions run out on Oct. You can send your Virginia income tax return directly to us, or to the city or county where you lived on Jan. 1. An extension only extends the time to file the return, not the time to pay the tax due.
